Thailand Tourism Market to be valuated at USD 76.60 bn in 2032

18-12-22

The Thailand tourism market which is now valued at USD 57 billion in 2022 and is projected to increase at a CAGR of 3% to reach USD 76.60 billion in 2032. These insights are based on a report on Thailand Tourism Market by Future Market Insights.

The rich history, wildlife, food and many other factors are expected to increase the influx of tourists and drive the demand for Thailand tourism. Thailand is located in South East Asia. In fact, Thailand remains to be the only South East Asian country which was never colonised by any European Nation. The name ‘Thailand’ itself means ‘land of the free’.

Thailand was once popularly known as ‘the Venice of East’. The reason being that the waterways were the mode of transportation. Although Thailand doesn’t have any official religion, more than 90% of Thais are Buddhist. The Thai is the most widely spoken language in Thailand. Apart from that, Thailand also has the reputation of being the largest exporter of Orchids in the world. Moreover, the bumble bee bat, which is the smallest mammal in the world is found in Thailand.